Acton Property Prices Creeping Upwards

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But the number of homes changing hands has slowed down

There's been a slight slowdown in property sales in Acton so far this year with 116 properties changing hands - 9 less than the previous quarter.

However, according to the latest data from the Land Registry, the average price of a home sold in W3 during the first quarter of 2012 was £358,812 - which is up 5.7% on the previous three months.

This is above the peak of the market seen last year when the average reached was £339,547 and the level is up 6.4% on the same period last year.

In the longer term, the average is 7.4% above what it was three years ago and 10.5% up over the five years.

Sales of terrace houses and flats appear to be slightly cheaper than the end of last year. The average price for a terraced property now being £468,719 which is down 13.8% on the previous quarter when it was £544,030.

Semi-detached properties are now averaging at £603,115 which is slightly higher than last year.

The number of transactions in the local market has slowed down which may concern estate agents, 116 have changed hands compared to 124 at the end of last year - traditionally a slower time.

Agents are no doubt hoping the sunny weather continues to encourage more transactions.

The March data from Land Registry's flagship House Price Index shows an annual price decrease of 0.6% which takes the average property value in England and Wales to £160,372. London remains the best performing area in the country with prices rising by 0.7% to £343,522 over the same period.

The most up-to-date figures available show that, during January 2012, the number of completed house sales in England and Wales increased by 13% to 42,511 compared to 37,584 in January 2011.

The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.

In a forthcoming edition of the ActonW3.com newsletter there will be a complete listing of recent property sales in the area. To register to receive it .

Acton Property Prices - January - March 2012
Area	Semi-Det	Sales	Terraced	Sales	Flat/Mais	Sales	Total Averages	Total Sales
W3 0	405400	5	487250	3	313237	4	395142	12
W3 6	526500	4	514785	7	250312	16	359796	27
W3 7	773333	3	393545	10	280260	19	361887	32
W3 8	0	0	531000	6	240722	11	343173	17
W3 9	759990	5	0	0	258771	23	348274	28
Total	603115	17	468719	26	262775	73	358812	116
Change in Quarter	0.3%	-29.2%	-13.8%	73.3%	14.5%	-14.1%	5.7%	-6.5%
Change in year	2.2%	-15.0%	-0.5%	116.7%	15.3%	19.7%	6.4%	24.7%
Change in three years	64.1%	183.3%	-3.5%	225.0%	-0.3%	265.0%	7.4%	241.2%
Change in five years	12.6%	-58.5%	9.9%	-29.7%	8.0%	-58.0%	10.5%	-54.5%

 

Acton Property Prices - October - December 2011
Area	Semi-Det	Sales	Terraced	Sales	Flat/Mais	Sales	Total Averages	Total Sales
W3 0	475000	4	0	0	163419	5	301899	9
W3 6	496666	3	564500	5	217967	19	313106	27
W3 7	420800	5	591991	6	262296	27	335209	38
W3 8	0	0	446500	4	200019	26	232883	30
W3 9	745000	12	0	0	283556	8	560422	20
Total	601417	24	544030	15	229522	85	339547	124
Change in Quarter	20.5%	60.0%	4.8%	-53.1%	-6.0%	-1.2%	0.1%	-6.8%
Change in year	1.9%	4.3%	16.5%	-34.8%	-10.2%	-2.3%	-6.3%	-8.8%
Change in three years	47.9%	100.0%	43.1%	66.7%	-9.3%	150.0%	10.4%	125.5%
Change in five years	35.3%	-42.9%	35.2%	-59.5%	-2.7%	-65.3%	18.0%	-62.1%

 

 

May 24, 2012